SG Americas Securities LLC Buys 49,356 Shares of Insmed, Inc. $INSM

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SG Americas Securities LLC significantly increased its stake in Insmed, Inc. (NASDAQ:INSM) by 283.6% in the fourth quarter, purchasing 49,356 additional shares to bring its total holdings to 66,762 shares valued at approximately $11.62 million. This move comes amidst broadly positive analyst sentiment with an average “Buy” rating and a target price of $210.19, despite notable insider selling during the last quarter where insiders sold 189,651 shares worth about $31.53 million. The biopharmaceutical company recently reported its Q4 earnings, missing consensus EPS estimates while revenue showed a substantial year-over-year increase of 152.6%.

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